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English 48
Search Results 0 to 47 of about 48 (some duplicates have been removed)
ABC
Dec 27, 2012 2:35am EST
one is avoiding the fiscal cliff. >> unless the president obama and congress can reach a deal by the new year, tax increases and spending cuts will take deep effect. >> president obama's re-election was one of the biggest political stories of the year. >> with the first of our year enders, here's abc's karen travers. >> reporter: president obama had to overcome a well funded opponent, struggling economy and voter doubts that he had the right agenda to turn the nation around. and after a roller coaster season, he got them. mitt romney may have started off at the front runner, but to win the republican nomination, he had to fend off some feisty challengers. >> he's the worst republican in the country to put up against president obama. >> reporter: and overcome some self-inflicted wounds. after 50 primary contests, romney clenched the nomination and it was on to the general election. >> it will be a choice between -- >> two very different paths. >> reporter: their battle focused on the economy. >> we can't afford another four years like the last four years. >> we need more tax cu
NBC
Dec 27, 2012 5:00am EST
. lawmakers gear up to tackle the fiscal cliff on capitol hill. >> the fiscal cliff deadline is inching closer. the aviation industry is not worried. they say they will not face immediate destruction. the defense industry urging congress to shift its attention from the cuts than to fighting over taxes. if the cuts take effect, many jobs would be lost. starbucks taking a stand on the cliff. asking customers to write "come together" on cups. toyota will take a $1.1 billion charge to settle a lawsuit that has to do with more than 10 million vehicles because of unintended acceleration. good news for the housing market. homes i use will rise as much as 2.5% nationwide. they expect 2013 to be a seller's market. the best places to buy include cleveland and philadelphia. i'm ellen braitman with the bloomberg business report. >> 5:22. support pours into newtown, connecticut. a memorial that includes every gift and a letter. don't forget to e-mail us your response to our water cooler question of the day. will you be more likely to visit a maryland casino now that some are open 24/7? you can share your r
CNBC
Dec 26, 2012 12:00pm EST
in newtown. a lot of different things. in front of us is the fiscal cliff. everybody has been talking about it. we've been talking about it. here we are past christmas getting very close to the 31st and still nothing resolved. for those reasons i think people are holding off. they're going to make some decisions later on. maybe those decisions don't happen until january. >> joe, you can blame what you want. you can say it's hurricane sandy, the fiscal cliff, discretionary the second best performing sector in the s&p here to date. is this a sign to start taking money off the table if you have it in the retailers? >> i think you categorize it by saying it's sprung a little bit of a leak. year to date, they've been strong. what do the allocations do? clearly you've looked at the u.s. economy and you've said it's been the services over the goods. money managers are taking a look at the potential recovery in manufacturing. they're looking at softening and consumer discretionary. it is on the back of sandy. it's moving into the materials and industrials. >> weiss, the rlx hit a historic high in e
KBCW
Dec 28, 2012 10:00pm PST
. >> the president says he's optimistic, congressional leaders promise avivement why the fiscal cliff compromise will be a cliff hanger. >> and a step back in time. how you can buy a piece of the past from your favorite ride. >> grieve, i'm elizabeth cook. >> a man and child pull from the waters and sadly, neither survived. the coast gash got the call of two people in the warter near point bonita. alyssa is there. >> reporter: the bodies were taken to fort baker. the man and young boy were at black sands beach. known for it's beautiful views of the city and treacherous surf. this stretch of coastline in sausalito is where a man and child were swept to sea and drowned. they were found floating under the golden gate bridge. late this afternoon, around 4:00, a third person who was taken out by the waves was able to get out of the surf and call 911. >> rescue united arrived and recovered two bodies, one male adult and one child. >> reporter: the water, a chilly 53 degrees. there was a high surf advisory. the beach is popular for fishing and picnics an it is dangerous with steep paths an rocks. it wa
PBS
Dec 28, 2012 4:30pm PST
. fiscal cliff talks at the white house end with nal, but president obama says he's still hopeful and says "we've got to get this done." gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors lost hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with more on the critical work that has to get done in washington this weekend. >> port: thpresident dec
FOX
Dec 27, 2012 7:00am PST
from san jose. ktvu. >> we are less than a week from the fiscal cliff. the united states senate convening right now. we want to show you a live if picture. there it is. that's the senate majority leader. the senators are right now meeting to discuss the economic deadline and coming up at 7:15 we will have more on the fiscal cliff negotiations and how we are closing in on another financial barrier, that debt ceiling. >> let's go to tara filling in for sal. there is another accident in napa. >> we have a two car crash on napa road. that person is trapped inside of the car. chp working to get them out as well as police. we have another incident we want to mention. 880 northbound at 92 split. a solo spin out. it's close to traffic so they are running a break. here is a look at maps where 680 southbound, actually we will go to 101 in san francisco. you can see we have traffic flowing nicely in both directions. finally a look at maze. you can see traffic also flowing very well there on the far right hand side of the screen. let's check in with mark. >> good morning to you. we are t
CNN
Dec 26, 2012 1:00pm PST
the fiscal cliff? >>> a dangerous winter storm roaring across the eastern half of the u.s. bringing blizzard conditions and travel nightmares. plus, the nra's controversial proposal to put armed volunteers in every school, we'll go in-depth with the man in charge of the national school shield program. i'm joe johns. you're in "the situation room." the u.s. is now just six days away from the so-called fiscal cliff. and a mad scramble is on here in washington to avoid the drastic tax hikes and spending cuts that many fear will plunge the economy back into recession. president obama flies back from hawaii tonight to be ready if the senate comes back with a plan when it returns to work tomorrow. and house leaders are huddling with members on stand-by to return. senior congressional correspondent dana bash is following all of it for us. what are you hearing? >> there was a conference call of course members of the house leadership even, they're back in their districts, but there was a conference call today among those house republican leaders trying to figure out if and when the house should come
CNN
Dec 26, 2012 6:00am PST
about the fiscal cliff lately. how will it actually affect you? what happens to your taxes if we go off the cliff? according to the tax policy center if you're sing well no children and make $50,000 a year you will see your taxes go up by $1,500 if no deal is reached. married couple with two kids making $100,000 would see their taxes go up a whopping $5,300 per year. taxes will go up the same amount underneath the democratic and republican plans if no deal is reached. just one day after the christmas holiday, president obama is packing his bags, heading back to washington to try to forge a deal on the fiscal cliff, with just six days left to negotiate, a deal to avoid the catastrophic cliff, the president will leave hawaii tonight to try to work on a bargain between democrats and republicans. brianna keilar is traveling with the president in hawaii and joins us now. good morning, brianna. did the president cut his vacation short or was it planned all along? >> reporter: he did cut his vacation short from what was initially planned which was to go through the new year, so yes, he cut it
CNBC
Dec 26, 2012 9:00am EST
vacation to deal with the fiscal cliff, just five days to go until we go over. >> threatening both coasts with workers snubbing up best and final contract offer. >> and more on the home front. we'll have more on the data and whether it can keep one of the best performing sectors of 2012, home builders going in 2013. >> data showing what some experts say is the slowest growth in spending since the 2008 recession. according to mastercard, spending polls units through christmas eve, retail sales rose just .7% from the year before. the national retail federation says it is forecasting a 4% jump in sales. we'll continue to get trickles of data as we progress through this last week. it is still an important week, the final week before the new year in terms of retail sales for these guys. >> historically positive the last five days of the year and blends into the first couple of days of the new year. generally get a nice year-end effect. we'll get claims tomorrow. new home sales tomorrow. chicago pmi on friday. but this idea that retail is soft, was it the fiscal cliff? was it sandy? was it some
FOX Business
Dec 27, 2012 1:00pm EST
, consumer confidence falls over fiscal cliff uncertainty and warning the government is set to hit the legal borrowing limit by a monday. we have bill rodgers from rutgers university professor who is the perfect guest. >> happy holidays. lori: starting with consumer confidence if you look at the psychological impact of the fiscal clift debacle. >> prior to the holidays with a conversation was around wall street and the impasse with the fiscal cliff and today confidence index fell a full six points and fully driven by households and main street being concerned about taxes, unemployment insurance benefits so jobs are not being created so this provides the imperative at a higher level for congress. lori: if you hear the cbo says if we do go over the cliff then gdp will drop half a percentage point*? could it be worse we already see the impact of fiscal cliff concerns? >> yes. i respect the cbo numbers and the director that they say this is an estimate. i don't think we go back into a recession, but when i talk about this, seven and $87 billion went into the economy to rescue it from the recessi
PBS
Dec 28, 2012 7:00pm PST
to have a fiscal cliff recommendation soon. >> we will be working hard to see if we can get there in next 24 hours and so i am hopeful and optimistic. >> reporter: but the sticking point remains finding something that can make it through the house with enough support from republicans. >> it seems like the 250 threshold that the president proposed previously is unlikely to pass the house in its current form, and so without some sort of additional compromise there, it seems unlikely that we're going to get something done before the end of the year. >> susie: you know thanks for that report. i am just wondering from all of the reporting you have done, do you think we are better off with a bad deal than no deal at all? >> you know susie when peopletal they are talking about a bad deal in political terms. frankly it's republicans that are most worried about the bad deal they have most leverage. the president has the most leverage. they are worried about a bad deal. any deal that gets us past the fiscal cliff is going to be seen as a good deal. >> susie: it seems like we are further apart than
FOX
Dec 26, 2012 5:00pm PST
. . >>> at 5:30, we are inching closer to the so-called fiscal cliff. we spoke to congressional staffers today, why they believe politicians will allow the country to go over the cliff before making a deal. >>> officials in newtown, connecticut, plan to use the flowers, letters and other mementos sent by the public as part of the memorial. they will stay up until after new year's as residents and visitors pay their respects to the shooting victims at sandy hook elementary school. residents yesterday took turns monitoring candles that had been lit on christmas eve, one candle for each of the vils. >>> this los angeles today, gun owners could swap weapons for groceries. gun owners were asked to come with unloaded weapons in the trunks of their vehicles in exchange for a $100 gift certificate for groceries. they got a $200 gift certificate if they turned in a so-called assault weapon of the buy-back program happens in the spring but was moved up this year because of the school shooting in connecticut. >> a newspaper that covers two counties north of new york city is at the sfr of a controversy af
KICU
Dec 26, 2012 11:30pm PST
's a lot of apprehension about the future of our economy because of the fiscal cliff. and three, people are very good about waiting for those bargains. >> reporter: some are still waiting tonight. they're on the look out for the best after christmas sales. >>> those lackluster holiday sales and jitters over the fiscal cliff brought stocks down today. the dow dropped 24 points. >>> the fiscal cliff is weighing on the minds of consumers. coming up in 16 minutes, why political insiders believe washington will allow the country to go over the cliff before making a deal. >>> san francisco police are asking the public to take a closer look at three shoplifting suspects. investigators say on december 20. three women went into two stores near san francisco. the women put goods in their own bags and walked out of the stores, and apparently handed off the goods. >> we believe these women may have been involved in other burglary thefts of retail stores throughout the bay area. >> police arrested sharony powers on suspicion of shoplifting. >>> alameda police are investigating a stabbing during a ch
CNN
Dec 27, 2012 4:00am PST
this morning, let me bring you up to date on the fiscal cliff. we're now just five days away from going over the fiscal cliff. happy new year. here's what you might have missed. president obama left hawaii early to get back to washington today. the senate is also coming back from christmas vacation today to work on a deal. now, sources tell us majority leader harry reid will push a scaled-back version of the fiscal cliff package that president obama laid out on friday, which moved the tax hike needle to $400,000. no word yet on when the house of representatives might come back, but democrats say the only hope we have of something getting through the house, the senate and the white house may be a very last-minute deal. cnn radio's lisa is following developments on capitol hill right now. the ball is in senate majority leader harry reid's court it would seem right now, lisa. >> that's right. harry reid and the senate seem to be the only game in town right now with the senate returning today. we also know from sources, ali, that over this christmas break there were no conversations between the
FOX
Dec 28, 2012 10:00pm PST
the fiscal cliff but what about the dairy cliff. how washington gridlock could drive up the price of milk. >> protecting you from drunk drivers. >> but we need to do more to save lives. >> the device one lawmakers wants to use to stop repeat offenders and why critics say it is impractical. >> and chief meteorologist bill martin will be back with your weekend and holiday forecast. >>> federal tax cuts aren't all that's expiring on january 1st so is the farm bill. that means that milk prices could double. debora villalon is live to explain. >> reporter: this sunday sets you back $6, $12 probably too rich. this family with a sweet tooth is sour on the idea of higher milk prices. >> we go to about 2-gallons of milk a week. >> reporter: but if lawmakers don't extend the tax bill it reverts to 1949 law when the government not the market controlled prices and the dairy industry wasn't nearly as efficient as today. under those antiquated formulas a gallon of milk now under $4 most places could rise to $6 even $8 retail. >> you think about the fiscal cliff and they talk about, okay we're going to
ABC
Dec 27, 2012 1:40am PST
about the fiscal cliff problem as well as members of congress return to washington to address the fiscal cliff. talks will take place behind closed doors. no public negotiations set. you have the debt and the fiscal cliff. it's not looking too good right now when it comes to the u.s. economy. >> geithner told congressional leaders that his department is using some accounting measures basically a fancy way of saying they're going to try to free up some cash to hold off, temporarily, this fiscal cliff. but it's still not looking good. >> i don't know about you at home, but kicking the can down the road, this has been happening over and over again. somebody has to make some decisions here. >> it's like in this business, they give you a deadline and you have to hit the deadline. there's no coming in and saying take another ten minutes. it don't work that way in real life. there are americans out there saying, get off your couches, get back to washington, and get the deal done. >> sometimes it's not pretty you when you have to rush, but, hey, get it done. >>> still on the economy now, new sig
FOX News
Dec 26, 2012 4:00pm PST
issues is critical. the edge of the so-called fiscal cliff is really in view now. the home county of house speaker john boehner butler county, ohio, currently under a blizzard warning. house republican leaders holding a conference call earlier today on the fiscal cliff, but so far they have not yet called on lawmakers to return to capitol hill. but they have said they will give a 48 hour warning if they plan to do that the white house saying the president is cutting his holiday vacation in hawaii short to return to d.c. to work on a deal to try to stop those automatic tax hikes and deep spending cuts from kicking in on january 1st. and if they don't reach a deal before then, many economists say we will dip back into a recession. i had henly house republican leaders didn't have a lot of new information for their lawmakers. they would have 48 hour notice if they are needed to pray back to washington from various districts around the country. that tells us they are being noncommittal at this point because they frankly do not know whether or not there will be a deal to avert the fisca
CNN
Dec 27, 2012 9:00am PST
to tackle the so-called fiscal cliff. he landed about 30 minutes ago. you see him getting off of the air force one. the president shut his vacation short do deal with this economic crisis. according to a tweet from a white house spokesman, the president spoke with all four congressional leaders before leaving hawaii for washington, and the senate is reconvening today. now the automatic spending cuts and the tax increases that make up the fiscal cliff, they're set to take effect in just five days. much more on the fiscal cliff crisis, the effort to reach some kind of agreement later this hour. we're going go live to capitol hill for the latest as the senate returns to work. that is coming up in about 20 minutes. >>> and president obama's going to have another cabinet position to fill for the new year. we learned a short time ago apa lisa jackson is stepping down after the president's state of the union speech in january. jackson starting with the agency as a staff level scientist back in 1987. during her tenure as administrator she tackled pollution problems in poor community communities.
KBCW
Dec 26, 2012 10:00pm PST
as we all go over the fiscal cliff. >> letters in a thrift store that never made it to the mailbox. how they were finally delivered . >>> police have arrested two people in what they call a plot to cash in on a man's death. that plan started to unravel when a bad smell drew police to the backyard of a home, and once there, police found more than a body. kristen is in vallejo and takes the story from there. >> reporter: deputies say not only did the suspects hide the man's body, they were also secretly robbing him blind. >> reporter: they noticed a smell coming from the backyard. >> my sister walked over there, and she's, like, wow! she could smell it from that far off. >> reporter: a smell so gruesome, it could only be one thing. >> the body. >> reporter: the body of of a 60-year-old man, a drifter, who had been dead for two years. his son never told a soul. instead, he allegedly hid the body in a large box he had been carrying around and stashed the box here in a relative a backyard. >> i can't believe somebody would even think about doing that. >> reporter: even worse, joseph and his
CNN
Dec 27, 2012 6:00am PST
jobs report and the big worry, carol, that's hanging over all of this is the fiscal cliff. although we're still in the middle of wondering what congress is going to do about it, companies are already holding back hiring so that is clearly impacting the jobs market but the good news once again is the layoffs are slowing, down 12,000 to 350,000 last week. carol? >> thank you very much, washington. alison kosik thank you so much. >>> growing outrage over the decision of a new york newspaper to publish a map with the names and addresses of people who have gun permits. the interactive map was created with information available publicly. it pinpoints the location of legally licensed permit holders for handguns. we reached out for a statement from the newspaper, it sent us this, "the massacre in newtown, connecticut, remains at top-of-mind for many of our readers. or readers are understandably and keenly interested to know about who owns guns in their neighborhoods." scott summervila is president of the westchester new york fire owner association. he is on the list and joins me this morning.
MSNBC
Dec 27, 2012 2:30am PST
the rest of us. he also referenced the impending fiscal cliff, which threatens to derail the economy if a compromise isn't be reached by next week on those big, unanswered issues. with both sides locked in a standoff, house republicans are calling on senate democrats to act first. democrats aren't budging much on their demands. they want to extend tax cuts on incomes below $250,000, prolong unemployment benefits and delay those sweeping spending cuts. while many republicans oppose new taxes for anyone, senator kay bailey hutchison says she's looking for compromise, alluding to house speaker john boehner's plan "b" that was met with stiff opposition from his own party. >> i think $250,000 is too low a threshold. a lot of working people who are couples would exceed that, and i don't think we need that kind of shock to the system. however, i've talked to some of my democratic colleagues, and they are saying maybe in the $400,000 or $500,000 category we could set a benchmark. i do think it is essential that we start talking about what amount can be passed on a bipartisan basis, because y
CBS
Dec 27, 2012 6:00am PST
away from the "fiscal cliff." he took the red eye from hawaii overnight. senators are set to work today on a plan to avoid the so- called "fiscal cliff." but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is gettingismy for an agreement. its employees are writing "col together" on coffee cups in d.c. to try to encourage compromise. >>> hawaii's lieutenant governor brian shots will replace the late democratic senator daniel inouye who died of respiratory complications last week. on the day he died he wrote to the governor asking for a female representative to replace him. she made it to the final round of consideration but did not win the nomination. >>> and former president george h.w. bush is in intensive care at a houston hospital with a fever and cough. mr. bush was admitted to the hospital more than a month
FOX Business
Dec 26, 2012 11:00am EST
tomorrow. the president, as well. five days left to revert the fiscal cliff. now that plan b is that, will there be a plan c or f for failing? peter: president obama expecting to arrive in d.c. tomorrow. white house says they will let us know if there is any update in the talks for congressional leadership. the leader's office is me no news to report. as of now, we are still headed for the cliff. on january 1, the nation faces a $5 trillion tax increase over ten years to the expiration of the bush tax cuts. the lapse of the bush tax cut would mean the top would go to 39.6. tax rates would also go all for lower income earners. the maximum lowest rate going back to 15%. four investors, capital gains rates would revert to 20%. dagen: i will not utter that word. thank you for that. growing pessimism when it comes to the club. some americans say we will get a deal. let's bring in ted kaufman. he is joining us from wilmington tell me what happens if we go over the cliff? >> i have been saying for a while we will go over the cliff. republican members in the house have made it pretty clear t
CBS
Dec 26, 2012 5:30pm PST
ticks toward the fiscal cliff. nancy cordes is with the president in honolulu. nancy? >> reporter: jim, the president is trading the sand for snowy washington. he'll be back in the nation's capital by mid-morning tomorrow, and most of the u.s. senate will be attempting to get back there by then, as well. but house leaders have not given their members the signal to return to washington and say they won't until the u.s. senate passes a bill to avert the fiscal cliff. as the president wrapped up his vacation, federal workers trickled back into the nation's capital. but the only people who can avert the fiscal cliff, members of the house and senate, have not returned, and, in just six days, a 2% payroll tax is set to expire, along with the bush era tax cuts, shrinking the average workers' paycheck in 2013 by about $1,500. long-term unemployment benefits for about two million jobless americans are also set to expire, and $110 billion worth of spending cuts to both domestic and defense programs will start to kick in, forcing layoffs in the public sector and for some private sector government
FOX Business
Dec 27, 2012 9:20am EST
.o.p. that they should not stand in the way of a last minute deal on the fiscal cliff, democrats demanding higher tax rates on the so-called wealthy. joining us now is former investment banker carol roth. a, it seems like a total standoff and b, seems like we're headed over that cliff, it looks like it. here is the question for you, carol, if we go over the that cliff what happens to the markets? >> well, stuart, i think if we go over the cliff, the markets are going to react negatively, they reacted negatively the last time we revisited the debt ceiling for tarp, so, i don't think that the markets are going to be particularly happy, but i don't know that it's necessarily for the right reasonss i to think that we're going to get a deal here, but i think it's going to end up happening late january, maybe middle of january, but at the end. day, stuart, it doesn't solve any of our problems. stuart: i agree, i agree. >> and i'm so frustrated that we're 13 months in, we've had 13 months to figure it out and we're at the 11th hour. stuart: everybody is. the mood of the country, furious nothing is happening
CBS
Dec 26, 2012 6:00pm PST
because of the "fiscal cliff." if you are on extended unemployment, those checks could also disappear by next friday. with no deal in congress, the jobless benefits end. and for those depend on the on those extend and unemployment checks on a weekly basis, right now will be the time to ration food since it's still not certain that there are benefits coming next week. and for those trying to plan ahead for anyone about to pass, the inheritance cast could shoot up to 50% if we go over the cliff. and not to mention the stock market, we all know that investors do not like uncertainty. so really hitting us from all sides. >> it's like we have one foot over the cliff already. >>> did you give thought to the "fiscal cliff" when doing your christmas shopping? many americans did because cbs 5 reporter mike sugerman tells us retail numbers weren't good. >> reporter: i'm at union square which is mobbed. it's swinging. i spent the day here and it didn't get active until a couple of hours ago and as i look around, i don't see a lot of people with bags. i'm not sure they're shopping. but the retail
FOX News
Dec 27, 2012 6:00am PST
day. >> kelly: we've been talk being the fiscal cliff and getting a deal, the president is coming back and the senate is coming back. the house is not. house speaker john boehner staying in ohio. he says some contact, but communication is no substitute for senate action. it's all in the senate. >> juliet: all righty. log on to our web site for our after the show show because we're going to be giving you lots of gossip and secrets that you don't hear. >> kelly: really? >> juliet: yeah. >> clayton: that's news. i'll make sure i'm there. gregg: fox news alert. millions at the mercy of mother nature this morning after a massive storms slams the northeast bringing snow, rain, high winds, icy road conditions. more than 50 flights have been canceled today following the grounding of more than 1700 the day before. coming up in minutes we'll go live to anna kooiman live in scranton, pennsylvania where folks are trying to dig out from more than a foot of snow. but first, bad weather making be delaying lawmakers plans to get back to the negotiating table in washington, d.c. good morning, i'm gregg
CNBC
Dec 27, 2012 4:00am EST
to avoid the fiscal cliff as the government starts taking steps to buy more time before the u.s. hits the debt ceiling. the yen hits a two-year low against the dollar as the new japanese government battles to weaken currency. exports are rising, pushing the nikkei to its strongest gain in 20 years. .shares of toyota are heading higher after the u.s. settled a class action lawsuit. the $1 billion payment is already priced in. okay. welcome to "worldwide exchange." plenty of news to watch out of washington. all of this week, we thought it would be a quiet one. but i won't be inside the beltway if they want to get something done. the u.s. will hit the $16.4 trillion debt ceiling come monday. in a letter to congressional leaders, geithner says treasury will begin taking steps to save the government about $2 billion. geithner says it's harder to predict a time frame because the ongone fiscal cliff talks make it difficult to forecast next year's budget. among the measures treasury will take including suspending state and local government securities and investments in the federal employee pe
KOFY
Dec 26, 2012 9:00pm PST
. but -- >>> the federal fiscal cliff is just days away. so what if we fall off? i'm michael finley. ahead on 7 on your side i will show you how to make the most out of an uncertain financial future. >> also here tonight, gun owners say they are being targeted in new york. a news paper article that >>> at the nation's capitol senators will meet tomorrow in ongoing effort to avoid the fiscal cliff. president obama is about to end his family vacation in hawaii and will arrive in washington early tomorrow to deal with the tax increases and spending cuts that are due to take effect next week. no official fiscal cliff negotiations between republicans and democrats have been scheduled. not a great deal of progress. >>> with the government right on the edge now of that fiscal cliff, taxpayers are facing a lot of uncertainty as we head into the new year and for many of us the usual year-end financial strategies simply may not apply this year. 7 on your side's michael finney sorts out some of the confusion. >> reporter: when it comes to year end finances the old rules may not add up this year. >> it is difficul
NBC
Dec 27, 2012 5:00pm EST
to wondered $50,000. investigators say the fire was accidental. >> america may be going over the fiscal cliff. that prediction from the senate majority leader today after u.s. senators and president obama cut their vacation sure to return to washington. but there is no deal yet and there's a lot of criticism of house members who are still at home, at least until sunday night. jennifer jackson has the latest. >> the senate is back to work as the clock ticks and america gets closer to going over the fiscal cliff. president obama has also returned to washington. house members are still home for the holidays peeping >> i cannot imagine their consciences, wherever they are around the country. we are trying to get something done. >> harry reid is blaming house speaker john boehner for the stalemate and predicts new deal will happen before the end of the year. house republicans have rejected any compromise where the wealthiest americans no longer get a tax cut. others are still optimistic. >> these deals come together at the last minute. to paraphrase ronald reagan, there has got to be a pony here s
KRON
Dec 27, 2012 4:00am PST
of the so-called fiscal cliff, a series of tax hikes and spending cuts set to take effect in five days. >> there still seems to be no signs of a compromise acting congress and president obama. >> president obama return to washington to get the credit shortage of medication. is a video the president leaving. >> house and senate members are expected to reconvene today as well. >> without a budget agreement, automatic tax increase is for everyone in the spending cuts will be triggered in the new year. >> the main dispute continues to be over taxes. >>, of the kron 4 morning news changes are coming to a netflix starting next year. how the company wants to get users more connected socially and next. >> the web more attractive weather and headlines when we come back >> wexcome backed. >> time is 4:10. >> net flicks is adding more social features to it streaming media service in the u.s.. >> the company confirms that the congress passed a bill that drops restrictions on sharing user's video rental history. these revisions now with president obama signature before becoming law. >> lifting the
MSNBC
Dec 27, 2012 6:00am PST
ceiling even before we tumble over the fiscal cliff. good morning from washington. it is thursday, december 27th. this is "the daily rundown." i'm luke russert. two days after christmas and washington is back to work trying to harsh out a deal to avoid the fiscal cliff. the senate will get back from the session after holiday break. the president is expected to arrive back to the white house without his family to get back to twork mework to meet the loo deadline. mike is at the white house. let's start with you. the consensus around the hill is that we are more likely than not to go over the fiscal cliff, but there is a small chance harry reid could take a house pass bill and amend it and send it back over to the house. what are you hear being that? >> conceivably, but when the president lights upon the south lawn and the marine one later this morning, it's unclear why he is coming back and who will be here with him. as you mentioned, speaker boehner remains in ohio where he is from. he is not coming back to washington. neither is the house of representatives. they simply said it's
MSNBC
Dec 27, 2012 7:00am PST
are, but i think from where the end game is in the short term, avoiding the fiscal cliff, everybody agrees has to happen. let's put aside the brings manship and gamesmanship that seems to prevail in the house of representatives, and give the house a vote. they should be here right now. we're all here in the senate. why isn't the house here? >> what are you seeing, just returning from your district, from your state, when you look at how this issue is being discussed in papers across the country, it's not a headline. more often than not it's not even on the front page. on the flip side, people are saying where is the urgency? why isn't congress doing something about this and coming together? >> i know you've used the term sense of urgency, but i think people want common sense and that's common ground. there will be a sense of urgency if we fail to avoid the fiscal cliff, go over it and the markets react badly to it. right now people want us to come together in a bipartisan way. the absolute has to be bipartisan in the house. we've seen that in the last week. not even plan b, which is
KRON
Dec 27, 2012 7:00am PST
this is president obama leading hawaii and now everyone is going to try to reach a deal on the fiscal cliff. >> we are taking a live look here at our mt. tam cam. you can see it shaking around. my favorite shot of the morning with relatively clear conditions. we have high clouds up above but no issues with visibility. today's forecast, expect sunshine and dry and pleasant weather. we'll have some changes and introduce some showers into the forecast which could continue into saturday morning. it looks like we'll be drive by sunday. satellite and radar shows a high pressure is in control for now. we have changes to talk about in my next report. >> speaking of walking you could probably walk across the toll plaza without being hit this morning. traffic is light and no delays coming out of the macarthur maze. east bay freeways are running much lighter than usual. we're still looking at under 25 minutes drive time from the bottle to the golden gate bridge. >> a developing story and walnut creek where there is an officer involved shooting and ended with a suspect being cleat killed. will tran is live wi
FOX News
Dec 27, 2012 2:00am PST
days until we fall off that fiscal cliff. the president is cutting his vacation short to return to the white house and try to hammer out a deal. but what will actually happen if we do go over the cliff? doug luzader is live for us with the details. >> it is not going to be pretty. on board air force one heading back to washington from a hawaii after cutting christmas short. can a cup of coffee help as far as christmas is concerned. starbucks is hoping. if you go into a starbucks you will get a message written on your coffee that says come together. this is a company trying to tell the president and lawmakers here they need to come up with some kind of agreement before they go over the fiscal cliff at the end of the year. the senate will be meeting today. this is the first time we have seen legislative business conducted in the weeks between christmas and new years since 1970. the house come back as well but nothing yet. the other thing to consider here the two key players in all of this president obama and republican house speaker john boehner. as far as we know the two of them
FOX News
Dec 27, 2012 8:00am PST
obama cutting his vacation short to avoid the fiscal cliff but house speaker john boehner says the people who need to take action are not in the oval office. >>> as the investigation continues into the deaths of four americans in libya we're learning people who were initially blamed are back on the payroll with little or no punishment. >>> unbelievable video. some aquariumgoers getting way too close to a real live shark. as close as you can get without becoming dinner. it is all "happening now." harris: hello, everyone, i'm harris faulkner, in today for jenna lee. jon: nice to have you up here in the big studio instead of down in the newsroom. harris: good to be here. jon: i'm jon scott. there is deadly weather pounding the united states. a powerful winter storm bringing snow and driving rain to the northeast. blizzard conditions in some areas. it is the same system that brought winter storms and tornados to the south and midwest. at least 12 people have died in this system. we're seeing major travel problems today as well. some areas are getting slammed all night long. anna ko
ABC
Dec 27, 2012 7:00am PST
, cutting his hawaii vacation short because of the looming fiscal cliff deadline. it is now just five days away. is there any movement on either side? how many more times can we ask this question of abc chief white house correspondent, jonathan karl, joining us this morning. dare i ask, where we stand this morning? >> reporter: good news and bad news. the president's coming back to washington. the senate's coming back. they're ready to strike a deal. the bad news, josh, no progress whatsoever. and, in fact, the treasury department said that the government on monday will hit the limit of how much money we can borrow to run the government. they're going to do some extraordinary measures to keep us going until february. but things look grim. the one sliver of good news i can say on the substance is, the speaker's office tells me this morning there has been contact between the speaker of the house and the president, at least on the staff level. and they won't say whether or not the two men actually spoke. >> contact. hazahs all around. we heard a lot about taxes that will increase. what do we
ABC
Dec 26, 2012 4:00pm PST
. how starbucks is taking a public stand on looming fiscal cliff. >> i'm michael finney. did you receive a new tv over the holidays? coming up, best money-saving options for a home theater system. (;ñ;ñ;ñ;ñ;ñ$x >>> church supposed dob a save haif yerngs a place to worship in peace. >> an east bay mother is in the hospital after protecting her children fromhc a stray bullet. she's talking with abc 7 news about this ordeal. >> nick smith joins us live with the story. nick? >> cheryl, dan, good evening. maria is expected to survive her injuries. she expected them to learn a lesson about the christmas holidays. instead, her children sought mother, shot, hit by a stray bullet. maria has a frightening story to tell. >> we're at church with my daughter and people passed by shooting at church. >> she spoke to me from hervhlé hospital bed, shaken by the scene of events plague out on monday night. >> i look back and saw a bullet coming at my son's head. i threw myself over my son. >> the reverend was selling -- telling a 4i whe when... >> boom, boom.'h7qsç we had to stop the sermon. go do
FOX News
Dec 27, 2012 3:00am PST
the job done . here's what we are facing. we are teetering on the edge of the fiscal cliff. there are many members in congress who disaagree raising of tax. the president had gone up to $400,000 when house speaker boehner would raise the tax hikes . but the sticking point is enments and spending. >> clayton: the republicans saying that the president and democrats not forth coming enough on entitlements. here's what will unfold in a few short days as we break this down to you. >> put your seat belts on, people. >> clayton: tax rates will hit these numbers and you go up to 120,000 . you will see 31 percent up to 36 percent . in these tax rates as they climb up. >> here's the bottom line. average tax rate of 2,000 to $4000. it is an additional 13,944 . millionaire's status which the president wanted to raise status on will be 34635. big deep in your pockets if woo go off the fiscal cliff. >> it is so crazy . we have the holiday get together. living in new york city . it is so expensive and you are making $250,000. you are middle class here. >> clayton: if you have a family of four and taxes a
MSNBC
Dec 27, 2012 3:00am PST
in the house and the senate to come together in the fiscal cliff. we're going to be talking about the starbucks effort a little later in the show. good morning, ladies and gentlemen. >> good morning. >> good morning. it's thursday, december 27th. i'm mike barnicle in for joe, mika and willie. joining the table, we have political editor and white house correspondent for the huffington post, sam stein. >> hi. >> applause for sam. "fortune's" assistant managing editor, leigh gallagher. and the president of the council on foreign relations, author of "foreign policy begins at home: the case for putting america's house in order." and in washington, vice president and executive editor of msnbc.com and msnbc political analyst, richard wolffe. a minor round of applause for richard wolffe. >> one hand clapping. >> first of all, can anybody here come up with a synonym -- i don't care what it is -- so we don't have to employ the phrase "fiscal cliff" at all during the day? any ideas? anybody got any -- >> how about deadline? >> how about do your job. how about just do your job time. it is ridiculous. a li
CNN
Dec 27, 2012 2:00am PST
until the fiscal cliff. president obama catching a flight back to washington where there's doubt that a deal can get done in time. good morning, everybody, for a thursday morning. very early, 5:00 a.m. on the east coast. welcome to "early start." i'm alina cho. >> i'm drew griffin. john and zoraida are off today. it's 5:00 a.m. in the east. a deadly winter storm system slamming the northeast after hammering the nation's heartland. look at this radar, system serious snowmaker. it's packing destructive winds, six states under winter storm warnings right now. pennsylvania, new york, massachusetts, new hampshire, vermont and maine. all could see a foot of snow or more. more than 200,000 customers spanning several states already without power. 1,700 plus flights canceled yesterday. imagine that. hundreds more already taken off the board this morning. there are six deaths being blamed on the weather since tuesday and the threat hasn't passed yesterday. bonnie schneider, meteorologist checking the system from the cnn center in atlanta. first, we go to ennis standing by in miserable, sno
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